Ogun Signs Multi-Billion Dollar Rail Construction Contract

Ogun stateThe Ogun State Government has signed a multi-billion dollar construction contract with a Chinese company, China Civil Engineering Construction Company (CCECC) on the construction of intra and inter-city rail network in the state.

The signing which took place on Monday, at the Governor’s office, Abeokuta, the state capital, was done by the Secretary to the State Government, Mr. Taiwo Adeoluwa and the Chairman of CCECC, Mr Cao Baogang. The event was, however, supervised by the Governor, Mr. Ibikunle Amosun and the Chinese Consul General in Lagos, Mr. Lin Kan.

Speaking on the significance of the rail project to the economic development of the state, the governor noted that the project would ease transportation problems in the state.

He however noted that majority of the raw materials to be used for the projects would be sourced locally and local suppliers would be encouraged and supported to tap into the opportunity provided by the project.

Ogun Signs MoU With Chinese Company To Build Monorail

The Ogun State Government has signed a Memorandum of Understanding (MoU) on light rail mass transit with the China Civil Engineering Construction Company (CCECC) that will link major cities in the state as well as boost its economy.

While signing the MoU in his Oke-Mosan Office in Abeokuta, the state Governor; Mr Ibikunle Amosun said this became necessary in order to reposition the state for economic development and prosperity.

The Governor stated that it was imperative to boost transportation in the state since the state population is projected to rise significantly over the next couple of years.

While signing the MOU in his office, the state governor, Mr Ibikunle Amosun, noted that there could be no development without infrastructure.

“We have been doing our best on roads but it is high time we paid attention to rail as well. We are starting the mass transit within Abeokuta metropolis. This will be extended to all our major towns including the Ado-Odo/Ota axis up to the areas bordering Lagos,” he said.

Amosun noted that it was imperative to boost transportation in the state in anticipation of significant rise in population over the next couple of years.

In his remarks, the Managing Director of China Civil Engineering Construction Company, Mr. Cao Bao Gang, lauded the Senator Ibikunle Amosun-led administration for its vision, pointing out that “the project on completion will enhance the transportation system and contribute to the economic development of the Gateway State.’’

He assured the governor that quality would be the firm’s watchword in the implementation of the contract.

“The project will provide jobs for residents and help the unskilled ones to gain adequate knowledge through training and involvement in the whole process.”

The signing of the MOU was witnessed by government officials including the Secretary to the State Government, Barrister Taiwo Adeoluwa, Attorney-General and Commissioner for Justice, Mrs. Abimbola Akeredolu, Commissioner for Commerce and Industry, Otunba Bimbo Ashiru, Commissioner for Information and Strategy, Alhaji Yusuph Olaniyonu.

FG assures on completing Lagos-Ibadan express rail by 2015

The federal government has said it is committed to ensuring that the $1.5 billion Lagos–Ibadan express rail contract recently approved by the Federal Executive Council, is completed in the next 36 months.

The Minister of Transport, Senator Idris Umar, gave this assurance at the contract agreement signing ceremony with the contractors, the China Civil Engineering Construction Company, in Abuja on Tuesday.

Giving the breakdown of how the express rail will be financed, the Minister revealed that the project is to be partly financed through a $1billion China EX-IM bank concessionary loan facility, while the federal government will be paying the balance of $5 million.

Both parties said they are confident that, unlike the last time when funding constraints frustrated the last contracts, the contract will be completed on time.